Oracle (NYSE: ORCL) CTO and Chairman, Larry Ellison, today unveiled the world’s first automated enterprise cloud application upgrade product that will enable Oracle customers to reduce the time and cost of cloud migration by up to 30 percent. By providing a complete set of automated tools and proven cloud transition methodologies, the new “Soar to the Cloud” solution enables customers with applications running on premises to upgrade to Oracle Cloud Applications in as little as 20 weeks.
“It’s now easier to move from Oracle E-Business Suite to Oracle Fusion ERP in the cloud, than it is to upgrade from one version of E-Business Suite to another,” said Ellison. “A lot of tedious transitions that people once did manually are now automated. If you choose Oracle Soar, it will be the last upgrade you’ll ever do.”
Oracle is trying to compete with Microsoft. Oracle and IBM are two companies that are having a hard time transitioning to new business model.